Carter’s, Inc. (CRI) Given Average Rating of “Buy” by Analysts
Carter’s, Inc. (NYSE:CRI) has earned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $102.44.
A number of analysts have recently issued reports on CRI shares. BidaskClub raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Carter’s in a report on Wednesday, June 21st. FBR & Co set a $111.00 price objective on shares of Carter’s and gave the stock a “buy” rating in a report on Friday, June 16th. Bank of America Corporation started coverage on shares of Carter’s in a report on Friday, September 15th. They set a “buy” rating and a $106.00 price objective for the company. Finally, Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the stock a “hold” rating in a report on Thursday, July 27th.
In other Carter’s news, Director Paul Fulton sold 8,643 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $87.58, for a total value of $756,953.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas E. Whiddon sold 17,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.35, for a total transaction of $1,581,125.00. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CRI. Meeder Asset Management Inc. bought a new stake in Carter’s in the second quarter worth $118,000. Advisory Services Network LLC bought a new stake in Carter’s in the second quarter worth $125,000. Mountain Capital Investment Advisors Inc bought a new stake in Carter’s in the second quarter worth $128,000. PNC Financial Services Group Inc. lifted its stake in Carter’s by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after purchasing an additional 35 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Carter’s by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after purchasing an additional 124 shares during the last quarter. 97.10% of the stock is owned by institutional investors and hedge funds.
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Carter’s (NYSE CRI) opened at 92.69 on Thursday. The firm has a market cap of $4.43 billion, a P/E ratio of 18.18 and a beta of 0.34. Carter’s has a 1-year low of $77.94 and a 1-year high of $99.75. The stock’s 50 day moving average price is $92.36 and its 200 day moving average price is $88.99.
Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. The firm had revenue of $692.10 million during the quarter, compared to analyst estimates of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Equities research analysts predict that Carter’s will post $5.61 EPS for the current year.
Carter’s Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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